GameStop acknowledged the short-squeeze volatility it faced earlier this year in an SEC filing on Monday.- The acknowledgement came in a prospectus supplement tied to the company's $1 billion share offering.
- "The market price of our common stock has been extremely volatile and may continue to be volatile due to numerous circumstances beyond our control," GameStop said.
- $4.
$4 has finally addressed the epic short-squeeze that sparked a year-to-date rally of more than 2,000% in its stock to an all-time-high of $483 earlier this year.
The acknowledgement came not in $4 which many were anticipating, but instead in the risk factors section of $4 related to its $4
The proceeds from the stock offering will help fund a turnaround plan led by activist investor Ryan Cohen, who is betting that $4
Cohen's $4 is what helped sparked the short-squeeze in the stock, as more and more retail investors bought the idea that Cohen would help turnaround the company. A continued surge in GameStop occurred after $4.
Shortly thereafter,
The activity of GameStop was and continues to be widely talked about by members of $4
"The market price of our common stock has been extremely volatile and may continue to be volatile due to numerous circumstances beyond our control," GameStop said in the SEC filing.
Under the Risk Factors section of the SEC filing, GameStop laid out a number of factors that could impact its stock price. Those factors included: "Short Squeezes" and "comments by securities analysts or other third parties, including blogs, articles, message boards and social and other media."
GameStop's stock proved volatile again on Monday, with shares falling as much as 14% before it recovered all of those losses and moved higher by as much as 2%. Shares were down about 4% as of 3:09 pm.
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